Calculations from the province may be off

A study out Tuesday suggests that the two billion dollar figure you’ve been hearing in regards to how much the termination of Power Purchase Agreements could cost Albertans is actually much lower.

The report from the University of Calgary says you can cut that down considerably.

Study co-author Trevor Tombe explains how they’ve calculated it. “We find that the losses that the PPA’s have right now are about $900 million. But, of that 900, only $600 million are new losses because ratepayers were already on the hook for one of the PPA’s that was never actually auctioned off to a private company.

They figure if Albertans are left holding the bag for $600 million, it will cost the average household approximately 2.25 a month until 2020.